1451 Columbia Avenue

3,667 sqft

Available for sale is 1451 Columbia Avenue, located in Castlegar, BC, an exciting 7-unit value-add residential investment opportunity anchored by a long-standing complementary commercial tenant (Sun Life). Featuring 1 x 2-bedroom and 5 x 1-bedroom suites, all of which are paying substantially below market rents, the property is extremely well positioned for investors to leverage a stable income base and capitalize on exciting upside through increasing rents to market. Located with prominent exposure and direct access along Columbia Avenue with ample parking for all tenants, the Property sits immediately adjacent to No Frills, Dollarama, Tim Hortons, The Backeddy Pub, and Co-op Gas Bar. The property is centrally located between downtown and uptown, offering easy access to all of Castlegar’s retail, service and entertainment amenities. Public bus transit services are located within 100 metres, and Selkirk College is only a 7-minute drive away, while favourable C2 zoning further offers potential for both commercial or residential redevelopment. The Property’s stunning backyard further offers tenants rare views of the river and surrounding mountains. Castlegar represents one of the most significant growth stories in the BC Interior, with unprecedented construction, investment and new-to-market businesses such as Wendy’s and Anytime Fitness (within ~1km of the Property, respectively), driven by strong demographic fundamentals. Download the brochure at the link below for more info. (id:45055)

• Property Details

  MLS® Number	10351656
  Property Type	Multi-family
  Neigbourhood	North Castlegar
  AmenitiesNearBy	Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping
  Features	Level Lot
  ParkingSpaceTotal	15
  ViewType	River View, Valley View, View Of Water, View (panoramic)
  WaterFrontType	Waterfront On River

• Building

  ConstructedDate	1979
  ExteriorFinish	Stucco
  HeatingFuel	Electric
  HeatingType	Baseboard Heaters, Forced Air, See Remarks
  RoofMaterial	Asphalt Shingle
  RoofStyle	Unknown
  StoriesTotal	2
  SizeInterior	3,667 Sqft
  Type	Multi-family
  UtilityWater	Municipal Water

• Land

  AccessType	Easy Access, Highway Access
  Acreage	No
  LandAmenities	Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping
  LandscapeFeatures	Level
  Sewer	Municipal Sewage System
  SizeIrregular	0.56
  SizeTotal	0.56 Ac|under 1 Acre
  SizeTotalText	0.56 Ac|under 1 Acre

• Rooms
• Utilities